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cbusa
January 15, 2023
Question

$7500 electric vehicle do you have to use in full?

  • January 15, 2023
  • 1 reply
  • 0 views

Good day with the $7500 electric vehicle credit do you have to have income to utilize  the entire credit in the year of the credit? 

    1 reply

    DoninGA
    DoninGA
    Employee
    January 15, 2023

    The EV credit is used to reduce your tax liability.  If your tax liability is already zero the EV credit will not be used and does Not carry forward to the next tax year.

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